Yes, now we can: Technological change and the exploitation of entrepreneurial opportunities |
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| Authors: | Rögnvaldur J Saemundsson Magnus Holmén |
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| Institution: | aReykjavik University, Menntavegur 1, IS-101 Reykjavik, Iceland;bChalmers University of Technology, SE-412 96 Göteborg, Sweden |
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| Abstract: | The paper investigates how technological change in an industry influence which individuals will identify and exploit entrepreneurial opportunities. We propose that the introduction of new development tools will change knowledge-barriers to entry because they enable the abstraction of specialized knowledge that was previously needed for development. Empirically we test the argument using data from the web design industry in a Nordic country during the period 1992–2003. We compare the education and experience of founders before and after the introduction of web administration tools in 1998 and find a significant difference, which supports the main thesis of our argument. |
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| Keywords: | Entrepreneurship Technological change Entrepreneurial opportunities New ventures New technology-based firms Capital goods of development Web design industry Development tools |
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